$SXA Token
A guide to understand the tokenomics and how $SXA brings value to its holders.
Last updated
A guide to understand the tokenomics and how $SXA brings value to its holders.
Last updated
$SXA is an SPL Token built on Solana Blockchain.
Total supply - 66,660,000 $SXA
Staking Rewards
70% of the total supply will be held for staking rewards and distributed over 3 years.
35% of that will be distributed in the first year, giving early adopters a better opportunity to earn more rewards in the first year.
The remaining 35% of the reward supply will be distributed from the second year and beyond, with distribution on gradative regression basis on the % of remaining tokens rewarded to holders.
Liquidity Pool
10% of the supply is allocated for the liquidity pool and will increase the trading value once we deploy the liquidity on DEX simultaneously with the GEN2 Launch.
Team
10% of the supply will be held by the team. This will be distributed gradually after a 12 months cliff and fully distributed over a further 12 months period.
Marketing
10% of the supply will be held for marketing acts and giveaways.
$SXA will be core to the entire SXA/SXL Eco-system - anything and everything we can execute and connect to, will be attributed to $SXA Token.
Utilisation in SXA DAO where users will have access to exclusive WL, Entry in poker nights, and multiple giveaways.
Using $SXA to enter raffles and auctions.
Using $SXA for breeding or we like to call it Galactic Missions.
$SXA will also be key currency in our evolution Metaverse.
Discounted prices for those offering payment on some core services on SXL (Space X Labs) using $SXA.
SXA DAO with the support of the core team will constantly evolve and seek new opportunities to make $SXA useable on other Solana-based interfaces. Some examples, but not limited to: Using it on upcoming Marketplaces to purchase NFTs, Trading it as a currency on Metaverse and web3 Casinos. Using it in Metaverse stores to participate and purchase assets.
